real estate is local. clearly in markets that have been severely depressed, like phoenix, las vegas, south florida, those markets are aggressively moving forward, and we're having a lot of people wanting to buy houses in those marketplaces. i live in southern california. that market has turned around very dramatically. in orange county, california, for instance the average months of remaining inventory are less than two, which says that all the houses that are on the market will be sold in less than two months. > and i see there are even bidding wars in some markets too. with winter's pent-up demand, is this likely to be a pretty strong spring? you certainly found that out. how big might this be? > > i think this is probably going to be a very strong spring compared to what we have had in recent years. one of the things that is driving this market, obviously, is the change in the economy. the economy is getting a lot better. but i think the demographics out there are things that are really driving this market. our country over the last 10 years has grown by 30 million people. yet because of some of the economic situations, a lot of people have been on the sidelines. i think people are now looking to see as the economy starts to stabilize for them, their own personal situation stabilizes, they are starting to look to see how they can get back into the homeowner market. > earl lee. thank you so much for talking with us. > > thank you very much.